An interesting comment in this interview about what value is...

An interesting comment in this interview about what value is being put on gold in the ground - only $40/ounce at present

"TGR: With gold equity prices slumping badly, have you had to adjust your price-to-ounces-in-the-ground valuations or make other changes to your model to reflect what is happening in the market?

MF: The valuations are all over the place and they are cyclical. In 2009, the value-per-ounce-in-the-ground values went for about $20/oz average. In 2010, they went to $90/oz and are now at about $40/oz. It looks as if the cycle now is one to two years, and we are on one of the lows."

http://www.theaureport.com/pub/na/14962?utm_source=delivra&utm_medium=email&utm_campaign=Gold%20final%20streetwise-reports%2001/30/2013%2014:28:38

We had better temper our expectations about what AMX's deposit would sell for in the current market. There is no going back to $3.00/share.

Where is the quarterly report?

loki